On 23 October 2025, the National Assembly adopted the Workers’ Ownership Cooperative Act (“ZLZD“), which will enter into force on 1 January 2026.
Basic idea of the ZLZD
The Act,…
On 11 November 2025, the National Assembly adopted the Act on the Right to the Winter Bonus and the Reform of the Determination of the Tax Base Considering Standardised Expenses…
The Banking and Finance team of our member firm Kolcuoglu Demirkan Kocakli has issued a client alert “Exceptions to Foreign Currency Loan Usage Expanded”.
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A tax reform bill has been submitted to the Hellenic Parliament for voting and is expected to be adopted in the coming days. The bill introduces a comprehensive set of…
Company mergers have emerged as a significant tool in companies’ growth, restructuring, and competitiveness enhancement strategies, particularly during periods of accelerated economic fluctuations and sectoral transformations. The simplified merger procedure…
Introduction
Greece has recently enacted Law 5236/2025, transposing the Critical Entities Resilience Directive (Directive (EU) 2022/2557, “CERD”) into national law. The new regime introduces a comprehensive framework to identify and…
In the past, competition authorities have mainly focused on markets where companies offer various products and services. In recent years, however, their attention has increasingly turned to the labor market.…
On 12 July 2025, the Act on the Enforcement of Partial Reimbursement of Wage Compensation for Shorter Working Time (Official Gazette of the Republic of Slovenia, No. 47/25; hereinafter referred to as…
An arbitral award is, as a rule, final, since pursuant to Article 38 of the Slovenian Arbitration Act (Zakon o arbitraži – ZArbit), it has the effect of a final court…
The legal concept of lifting the corporate veil, or the illusion of legal personality, originates from Anglo-Saxon (English) law.
The general principle is that a limited partner, a member of…
The EU Data Act (Regulation (EU) 2023/2854 on fair access to and use of data) became fully applicable on 12 September 2025.
For many companies in the EU, including in…
1. The Grid Bottleneck
Greece is at a pivotal moment in its energy transition. The country has made remarkable progress in deploying renewable energy sources (RES) in recent years; however,…
On 28 July 2025, Law 5221/2025 was published in the Government Gazette (Issue A’ 133/28.07.2025). The Law introduces key reforms to the Civil Procedure Code (“CPC“), aimed at accelerating the…
After a summer of anticipation among businesses and legal practitioners, the Interministerial Committee for the Screening of Foreign Direct Investments on grounds of security or public order (“ICSFDI – Δ.Ε.Ε.Α.Ξ.Ε.“)…
On August 1, 2025, amendments and supplements to the Administrative Procedure Code (the “APC“) were promulgated (SG No. 63/2025). These amendments affect various aspects of the administrative process, and the…
The Capital Markets team of our member firm Kolcuoglu Demirkan Kocakli has recently issued a client alert “Amendments to the Guidelines on Investment Funds”.
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Our member firm, Nestor Nestor Diculescu Kingston Petersen, has recently issued a publication outlining key findings from the Romanian Data Protection Authority’s activity report for 2024.
NNDKP’s data protection lawyers…
As of 2 August 2025, the European Union’s landmark AI Act has officially entered into application for general-purpose AI (GPAI) models, setting a new global benchmark for transparency, safety and accountability in…
The new Greek Law 5193/2025 (the “Law”) for the strengthening of the Greek capital market framework has been published. From a broader angle, the new Law aims to address modern…
What’s new?
Following the adoption of the general framework of the FDI screening in March 2024, the regime was originally expected to become operational in Bulgaria no later than September…
In June 2025, two Ministerial Decisions, no. 94798 and no. 96806, were issued, addressing implementation matters related to mandatory insurance.
These decisions provide guidance on the newly introduced mandatory insurance…
The Employment Law team of our member firm Kolcuoglu Demirkan Kocakli has recently issued a client alert “Employers May Now Serve Labour Law Notifications Via Registered E-Mail”.
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The Banking & Finance team of our member firm Kolcuoglu Demirkan Kocakli has recently issued a client alert “Amendments to the Resource Utilisation Support Fund Rates”.
Raed the client alert
Slovenia changed the rules on access to information on ultimate beneficial owners (UBOs). What does this mean and how does it affect me? Here are some fast facts.
What is…